Base Flips Robinhood Chain on DEX Volume
Base has quietly overtaken Robinhood Chain in 30-day DEX volume ($29.9B vs $29.4B), outpacing it daily for 8 consecutive days — a notable shift in L2 dominance.
What we know
Per data from DefiLlama highlighted by an account on X, Base now leads Robinhood Chain on 30-day DEX volume ($29.9B vs $29.4B) with a $1B single-day on Oct 26. Another account on X also notes Base's native ecosystem token is considered more organic than Coinbase-listed memecoins like $BASECAT. Bulls on Robinhood Chain still exist — another account on X retweeted a bullish "Robinhood Chain will win" take — while another account on X is teasing a new Robinhood mobile app and calling a bottom for the Pons ecosystem.
How the story developed
Base has quietly overtaken Robinhood Chain in 30-day DEX volume ($29.9B vs $29.4B), outpacing it daily for 8 consecutive days — a notable shift in L2 dominance.
Robinhood's earnings call saw CEO Vlad Tenev commit to ramping builder support on Robinhood Chain, triggering widespread bullish sentiment in crypto CT, new protocol launches on the chain, and speculation about the chain's ecosystem tokens.
Robinhood posted a record $1.42B Q3 revenue but crypto revenue dropped 55% YoY, while CEO Vlad is reportedly pitching 'Robinhood Chain' hard on the earnings call — sparking speculation about a crypto comeback.
Arbitrum has opened applications for its 2nd Mentorship Cohort in partnership with Robinhood Chain, targeting founders seeking VC pitch prep and product growth support.
Traders in the Goats feed are calling a bottom on Robinhood-chain tokens and arguing memecoins are primed for a comeback, while contrarian voices urge pre-confirmation research over crowd-following.
Arbitrum and Robinhood Chain are jointly launching Mentorship Program cohort 2, connecting builders with 50+ investors and ecosystem partners culminating in a Demo Day pitch event.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.